Definition of price discrimination in English:

price discrimination

Syllabification: price dis·crim·i·na·tion

noun

The action of selling the same product at different prices to different buyers, in order to maximize sales and profits.
More example sentences
  • Contributions and purchases of tie-in products effectively allow price discrimination even if different purchase prices cannot be maintained.
  • Information products that are less time-sensitive can exploit the time-based price discrimination approach to maximize profits over time as well as capture profit from both new and repeat customers.
  • If a monopolist is going to exercise a crude form of price discrimination and set different prices for groups of consumers an obvious division might be between the Member States.

Definition of price discrimination in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day anastrophe
Pronunciation: əˈnastrəfi
noun
the inversion of the usual order of words...